Market Size of Global Builders Joinery And Carpentry Of Wood Industry
| Study Period | 2024-2029 |
| Market Size (2024) | USD 76.94 Billion |
| Market Size (2029) | USD 95.65 Billion |
| CAGR (2024 - 2029) | 4.45 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Builders Joinery and Carpentry of Wood Market Analysis
The Global Builders Joinery And Carpentry Of Wood Market size is estimated at USD 76.94 billion in 2024, and is expected to reach USD 95.65 billion by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).
- Due to its advantageous qualities, builders' joinery and carpentry are widely used in developed economies all over the world. Due to the increased disposable income of the populace, particularly in China, Malaysia, and India, emerging economies are also turning their attention to luxury. People in emerging nations are particularly drawn to expensive wood furnishings, windows, doors, and their frames. As a result, there will be a large demand for wood joinery and carpentry from growing economies all over the world.
- The joinery industry uses wood for various purposes, including flooring, windows, doors, stairs, furniture, and interior fittings. Pine is the usual choice because it can be given a good surface finish, and the heartwood provides natural resistance to rot and insects. Despite the pandemic and problems with the availability of raw materials in the global markets, the joinery industry is performing well.
- Governments of many countries and the European Union (EU) have launched several programs to support and stimulate the development of the global economy, including the construction industry and environmental protection (e.g., the EU Green Deal).
- Such actions have stimulated demand for construction materials, resulting in increased sales of joinery and the visible activity of companies in the sector to invest in new production facilities and technologies. The global joinery industry has had a period of paradoxical turbulence and turnarounds.
- Rising demand for building materials and a temporary lack of raw materials for their production has caused prices to rise but has not reduced the level of joinery sales. European and local projects, which will soon enter the implementation period, may further accelerate growth trends in the construction industry.
